Local Solutions, Global Impact

Jan 1, 2007 12:00 PM, By Edward J. Finley, II, vice president, JPMorgan Private Bank, New York

By: By Edward J. Finley, II, vice president, JPMorgan Private Bank, New York

If there was a theme in international estate planning in 2006 it might be “local is global.” Countries (principally in Europe) made changes that were largely local in nature — but had implications for foreigners. Expect to see these changes play an important role in financial and estate planning throughout 2007.

Switzerland broadened its tax exemption for earnings received from foreign subsidiaries. Investors might be expected to take advantage of Switzerland's significant treaty network to access investments in the European Union more tax-efficiently.

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